3M (MMM) PriceWatch Alert For 10/30/2009 - Covered Call Risk Ranking Declines to 3 Keys

Posted: Friday, October 30, 2009 8:36 AM EDT

3M (NYSE: MMM) closed yesterday at $75.48. So far the stock has hit a 52-week low of $40.87 and 52-week high of $79.25. The proprietary Key Risk Ranking for MMM has declined from a 4 KEY Low Relative Risk to a 3 KEY Moderate Relative Risk. This Key Ranking is determined daily and is a measure of the relative risk for a conservative covered call trade on this underlying stock with a targeted 2.91% return (21.23% annualized for comparison purposes). This ranking looks at many factors related to the stock and associated option contracts. The Key ranking is intended as a guide for investors researching this underlying stock. [FBB-Seven Summits Research]

Click Symbol For More News On: (MMM)